G7 underlines its commitment to global sustainability disclosures
May 22, 2023
Following the G7 Leaders' Summit 2023 on May 19- 21, 2023, a joint declaration was published by the G7 that stresses the need for globally interoperable sustainability disclosure frameworks.
The declaration mentions the work and progress of the International Sustainability Standards Board (ISSB) and highlights the need of sustainability disclosures for mobilizing private sector finance to support the transition to a sustainable economy.
It notes: “We (the G7) underline our commitment to consistent, comparable and reliable disclosure of information on sustainability including climate. We support the International Sustainability Standards Board (ISSB) finalizing the standards for general reporting on sustainability and for climate-related disclosures and working toward achieving globally interoperable sustainability disclosure frameworks. We also look forward to the ISSB’s future work on disclosure on biodiversity and human capital, in line with its work plan consultation.
Review the full statement on Ministry of Foreign Affairs of Japan website.
